My father had his friend help him run his business. The business has been around since the late 70's so it has a trusted name. Now his con artist friend some how pushed him out assuring him they would be millionaires. After looking at all he has done, he put bills in his own name (which are sky high), tried and failed 3 companies using my fathers revenue, and currently made a business with the same name (just more general). He claims that he is legally 50% because he put himself on the taxes as partnership and 99% profiter. My father is scared to take legal acts because his partners name where on many things and he was pushed out for almost five years (allowing and trusting him to make the decisions.) Should he even be scared? There are two business license that can prove he tried to cut my father out and paper trails should take care of the rest?
3 Answers from Attorneys
Your father needs legal help right away. Do not delay. This sound like a serious situation where your father may have substantial liability as well as the loss of his business.
This is a situation that will require a proper and thorough analysis of all the facts, circumstances and of course any written agreements as well as relevant default statutes.
There is absolutely nothing anyone can say here that will be helpful other than encourage your father to seek the advice of a lawyer in private.
If you would like to discuss further over a free phone consult, feel free to contact me anytime that is convenient.
DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed on the basis of this posting.
I routinely represent clients in such situations. As noted by others who responded to your inquiry, there is little of value that can (or should) be shared in a brief Bulletin Board exchange. Also, it is important to move swiftly. So, please feel free to call me for a free telephone consultation to discuss the matter ASAP.
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